Preston real estate market off to a flying start
Anyone who follows the Preston real estate market closely won’t need us to tell them that we saw a very strong finish to 2016. Indeed, it seemed that in the last couple of months of the year we were producing million-dollar-plus property sales for our vendors on period-style homes like one in Roseberry Avenue pictured above with astonishing regularity.
Well, the good news for anyone who has been considering selling, (and who may have been concerned that they had missed the boat), is that the Preston real estate market in 2017 has started with a bang. In fact, after just two weeks of Open Houses so far this year, we can confirm that buyer attendances have been huge with inspection numbers averaging well over the numbers we were recording at the same time last year.
Despite the fact that many Melburnians are still on holidays, it is not unusual to see between 20 to 30 groups of buyers inspecting a property during a single half hour Open House. So much for January being a ‘quieter time’ for real estate! The growing profile of Preston as a real estate ‘hot spot’ is clearly evident in the number of young families we are seeing.
The good news for buyers is that we are also experiencing a strong lift in the number of local property owners making enquiries about obtaining up-to-date appraisals on their homes. Whilst this may well be affected by a curiosity factor from people wanting to know how much more their property is worth after the recent strong growth, it is good news for anyone hoping to see more opportunities to purchase in this area in the coming months.
The advice for anyone planning a 2017 sale is simple…now is the time to be getting your place on the market to enjoy the benefits of the huge buyer pool that is active right now in the Preston, Thornbury and Northcote area. Feel free to call on us at any time.
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